Duplex with Updated Electrical
For Sale
$479,990
504 E 9th 14 St, Newberg, OR 97132
Two separate residences offer practical layouts with updated breaker panels and Cadet heating accommodations.
Property Size1,536 SF
Price / SF$312.49
Days on Market70
Property Features for 504 E 9th 14 St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1972
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Felicity Cortese
(503) 597-2444
Source:
Christiesrealestateevg
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 7 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
Built in 1972, this Newberg duplex contains 1,536 square feet arranged as two residential units. Each unit includes 2 bedrooms and 1 bathroom, creating a straightforward configuration for occupants or extended household use. The property is identified at 504 E 9th 14 St, Newberg, OR 97132.
Both units have updated breaker panels. Heating improvements include Cadet heaters in some units, while other units are wired for their installation. The duplex format provides two separate living spaces within one property, with the existing layouts and electrical updates already in place.
Both units have updated breaker panels. Heating improvements include Cadet heaters in some units, while other units are wired for their installation. The duplex format provides two separate living spaces within one property, with the existing layouts and electrical updates already in place.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,722
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,440
$394.4K
Cap Rate 7%
$281,743
$281.7K
Cap Rate 9%
$219,133
$219.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$37.8K $24.60/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$35.9K $23.35/SF
− OpEx
−$16.1K −$10.51/SF
NOI
$19.7K $12.84/SF
Area
Yamhill County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,440
Cap Rate 7%
$281,743
Cap Rate 9%
$219,133
Alternative Uses
Best Use
Apartment 5plus
$281.7K
$246.5K – $328.7K
NOI $19,722 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer practical layouts with updated breaker panels and Cadet heating accommodations.
Where is this duplex located?
The property is located at 504 E 9th 14 St Newberg, OR.
What is the asking price?
The asking price for this property is $479,990.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit has 2 bedrooms and 1 bathroom; Built in 1972
